Breakingviews

Apr 17, 2019 | 03:17

Breakingviews TV: Wealth hedge

Morgan Stanley capped a weak earnings season for investment banks. James Gorman’s shop suffered a bigger slump in core advising and underwriting than peers, but John Foley says a humming wealth-management arm helped it deliver a better return on equity than Goldman.

TRANSCRIPT +

Morgan Stanley capped a weak earnings season for investment banks. James Gorman’s shop suffered a bigger slump in core advising and underwriting than peers, but John Foley says a humming wealth-management arm helped it deliver a better return on equity than Goldman.

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